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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Equiniti Group Plc | LSE:EQN | London | Ordinary Share | GB00BYWWHR75 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 179.80 | 179.80 | 180.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMEQN
Equiniti Group PLC
15 December 2020
Equiniti Group plc
Incorporated in England and Wales
Registration number: 07090427
LEI: 213800TS721HGE2JIV94
ISIN: GB00BYWWHR75
15 December 2020
EQUINITI GROUP PLC
DISPOSAL OF CHARTER SYSTEMS
Equiniti Group plc ("EQ" or "the Group"), an international technology-led services and payments specialist, announces that it has exchanged contracts to sell Charter Systems, a provider of software for covert intelligence, to Northgate Public Services (NPS). Following certain procedural matters, the transaction is expected to complete on 31(st) December 2020.
Charter Systems is part of EQ's Digital division and provides mission critical software to manage Covert Operations which is used by more than 60% of UK police forces as well as major customers in Canada.
The sale to NPS, a market leading provider of public sector and law enforcement technology solutions in the UK, reflects the Board's ongoing focus on core businesses and the reduction of leverage. The consideration for the transaction is GBP1.95m and, in 2020, Charter Systems is expected to generate revenue of approximately GBP1.4m.
Guy Wakeley, Equiniti Group plc Chief Executive, said: "We are pleased to sell Charter Systems, a market leading software business in its field, to a very complementary acquirer, and wish our colleagues and former clients well for the future. This disposal allows EQ to continue to focus on its core businesses."
For further information please contact:
Analyst/Investor enquiries :
EQ Guy Wakeley, Chief Executive +44 (0) 7484 072 471
John Stier, Chief Financial Officer
Frances Gibbons, Head of Investor Relations
Media enquiries:
Temple Bar Advisory Alex Child-Villiers + 44 (0) 7795 425580
Hot Features
Premium
Will Barker + 44 (0) 7827 960151
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(END) Dow Jones Newswires
December 15, 2020 02:00 ET (07:00 GMT)
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